Market pull back with highest gain in 2008 till date of 928 points.Midcap index gained 6.2% and BSE Smallcap index, 4.8%.But 5150 in NSE will be high resistance zone for the market,if it break comfortable then you can go for long term in midcap stocks.Today realty, banking and consumer durable stocks were the favourites.Cues from US is not good for real estate so it will be advisable to get out of this counter in these type of rallies.
TIP:You can check the breath of the market for a particular day by checking values of momentum stocks.In our case its RNRL,JPIPRA,ESSAROIL,RECLTD,ISPAT etc
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